The initial public offer (IPO) of Matrimony.com, which runs online match-making portals, was subscribed 67 percent on the first day of bidding on Monday.

The IPO, with an aim to raise over Rs 500 crore, received bids for 18,78,510 shares against the total issue size of 28,11,280 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 83 per cent and retail investors 1.19 times.

The company had on Friday raised nearly Rs 226 crore from anchor investors.

The price band is Rs 983-985 per share for the IPO which will close on September 13.

Neelkanth Mishra of Credit Suisse said the research house estimated if inflows into life insurance and provident/pension funds do not grow, households' gross financial savings this year could be Rs 21 trillion versus Rs 18 trillion in FY17.

Equity benchmarks opened higher on Tuesday, continuing uptrend for the second consecutive session.

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The 30-share BSE Sensex reclaimed 32,000 level in early trade, up 118.77 points at 32000.93. The 50-share NSE Nifty rallied 27.35 points to 10,033.40.

The BSE Midcap and Smallcap indices gained half a percent each on positive breadth. About three shares advanced for every share falling on the BSE.

Tata Steel, Tata Motors, Tata Power, Sun Pharma, HUL, Reliance Industries, Larsen & Toubro, TCS, Lupin, Wipro and Vedanta gained up to 2 percent in early trade.

Bharti Infratel, Coal India and ONGC were under pressure on profit booking.

Tata Coffee and Liberty Shoes rallied 12-16 percent post bulk deals.